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All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. 2. 3. 4. 5. Sunland Company borrowed $9,900

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All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. 2. 3. 4. 5. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. A count of supplies on December 31, 2019, indicates that supplies of $900 are on hand. Depreciation on the equipment for 2019 is $2,100. Sunland Company paid $2,820 for 12 months of insurance coverage on June 1, 2019. On December 1, 2019, Sunland Company collected $32,000 for consulting services to be performed from December 1, 2019, through March 31, 2020. Sunland Company performed consulting services for a client in December 2019. The client will be billed $3,800. Sunland Company pays its employees total salaries of $9,500 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2019 6. 7. All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. 2. 3. 4. 5. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. A count of supplies on December 31, 2019, indicates that supplies of $900 are on hand. Depreciation on the equipment for 2019 is $2,100. Sunland Company paid $2,820 for 12 months of insurance coverage on June 1, 2019. On December 1, 2019, Sunland Company collected $32,000 for consulting services to be performed from December 1, 2019, through March 31, 2020. Sunland Company performed consulting services for a client in December 2019. The client will be billed $3,800. Sunland Company pays its employees total salaries of $9,500 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2019 6. 7

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